News
The Australian Prudential Regulation Authority’s final guidance on a principles-based approach to ensuring financial institutions appropriately manage climate-related financial risk comes as a growing cohort of nations signal intentions to introduce mandatory regimes. Some observers compliment the Australian approach while others fear it could exacerbate jurisdictional divergence.
Financial markets are at the heart of era-defining changes happening in today’s world. How adequately the Australian market rises to the challenge will help define its own future and that of the whole economy. Westpac Institutional Bank leaders speak to KangaNews about the state of the local debt market, the task of integrating sustainability within it and the changing context in which it operates.
The KangaNews-Westpac Corporate Debt Summit debuted in 2011, with a relatively small audience and a market that could not yet take consistent supply of corporate bonds for granted. In the decade since, the event and the market have grown and diversified. By 2019 – the last year before COVID-19 put the in-person event on hiatus – registrations had more than trebled, to nearly 600, and the event’s agenda covered not just corporate debt but a raft of issues relevant to the economic and business environment.
